Answer:
FALSE
Explanation:
The FASB, GASB, and FASAB do not all focus their standards on both internal and external financial reporting.
The GASB - Governmental Accounting Standards Board and the FASB - Financial Accounting Standards Board, tend to focus more on external users of financial information while the FASAB - Federal Accounting Standards Advisory Board tend to focus on both internal and external users of financial information.
Answer:
$277
Explanation:
Particular Amount
Pre-Tax Accounting Income $310
<em><u>Adjustments</u></em>
Add: Overweight Fines $12
Add: Depreciation Expenses $77
Less: Depreciation as per tax return <u>$122</u>
Taxable Income <u>$277</u>
Therefore, Franklin's taxable income is $277.
The portion of corporate profit which is included in personal income is DIVIDEND.
Dividend refers to the sum of money that is usually paid on a regular basis by a company to its shareholder. Dividend represents the part of the profit which a company make in a particular year.
Dividend is considered as a personal income to the individual who receives it.
Answer: Venture capitalists should have key contacts and financial strength.
Explanation:
Venture Capital investors invest funds into startups, early-stage, or high growth emerging companies so that they can help the company grow and become successful in the future in exchange for some shares in the company.
The aim of this is to be able to sell their shares in the company for a profit when the company grows successful.
To be able to make these companies grow faster, Venture Capitalists need to present them with opportunities to make them grow. These opportunities include having key contacts to make the work of the company easier. Venture Capitalists should also have the necessary financial strength to support the new startups as needed.